Tealwood Asset Management Inc. lowered its position in Pure Cycle Co. (NASDAQ:PCYO) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 376,578 shares of the utilities provider’s stock after selling 19,153 shares during the period. Pure Cycle accounts for 1.6% of Tealwood Asset Management Inc.’s portfolio, making the stock its 6th largest holding. Tealwood Asset Management Inc.’s holdings in Pure Cycle were worth $3,992,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Kennedy Capital Management Inc. grew its holdings in Pure Cycle by 7.1% during the first quarter. Kennedy Capital Management Inc. now owns 1,106,276 shares of the utilities provider’s stock valued at $10,908,000 after purchasing an additional 72,883 shares during the last quarter. Skylands Capital LLC grew its holdings in Pure Cycle by 24.0% during the first quarter. Skylands Capital LLC now owns 79,350 shares of the utilities provider’s stock valued at $782,000 after purchasing an additional 15,350 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Pure Cycle by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 119,805 shares of the utilities provider’s stock valued at $1,189,000 after purchasing an additional 14,496 shares during the last quarter. Bremer Bank National Association acquired a new position in Pure Cycle during the first quarter valued at approximately $131,000. Finally, SG Americas Securities LLC acquired a new position in Pure Cycle during the first quarter valued at approximately $129,000. Hedge funds and other institutional investors own 64.89% of the company’s stock.
Shares of PCYO traded up $0.10 during mid-day trading on Thursday, hitting $10.31. The company’s stock had a trading volume of 216 shares, compared to its average volume of 18,977. Pure Cycle Co. has a one year low of $8.35 and a one year high of $11.74. The firm has a market capitalization of $241.82 million, a PE ratio of 112.89 and a beta of 0.53. The stock’s 50-day moving average is $10.71 and its two-hundred day moving average is $10.20.
Pure Cycle Company Profile
Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development Activities. The company offers utility services, including water production, storage, treatment, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing and collection, and emergency response services, as well as bulk transmission services to retail distribution systems.
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